Billionaire Mike Novogratz Says Blockchains Have the Capacity To Protect People From ‘Scary’ AI Agents

Galaxy Digital chief executive Mike Novogratz says that blockchain technology may offer people protections from “scary” artificial intelligence (AI).

In a new interview with the When Shift Happens YouTube channel, Novogratz says he is counting on blockchain technology to offset the potential negative impacts of massive AI centralized databases, though he did not give specific details on how.

“I intuitively think that AI is really scary. And I go back to the Minority Report, that movie with the precogs and the pictures, and so it is one of the great centralizing forces on the planet – huge database centralized. And so the Yang to that Ying has to be blockchain.

And I don’t know how it works yet. I’m not smart enough. I just intuitively know there’s got to be something that protects us from Big Brother, and blockchains have that capacity.”

He also believes that helpful AI agents could operate better using blockchain technology for such things as payments than current traditional finance systems.

“And the other piece of it is these AI agents. Your agent’s going to know what to shop for you, like groceries. Well, where’s it going to get the money? It’s going to have to go into your account, send the money. That stuff is going to operate much smoother, I think, on crypto rails than on the rails, Amex uses or MasterCard uses.”

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